Congressman Morgan McGarvey Statement on 50% EU Retaliatory Tariffs on Bourbon
Today, Congressman Morgan McGarvey – Co-Chair of the Congressional Bourbon Caucus – released the following statement after the European Union announced 50% retaliatory tariffs on Kentucky’s $9 billion bourbon industry:
“The EU’s 50% retaliatory tariffs on Kentucky’s signature bourbon industry will devastate distilleries across our commonwealth, which employ over 20,000 hardworking Kentuckians and generate billions for our economy. And for what? Donald Trump’s petty trade war isn’t lowering costs or strengthening our economy, it’s doing the opposite — costs are skyrocketing, our economy is tanking before our eyes, and now thousands of Kentucky families face even more uncertainty.
“Tariffs have a time and a place, but they must be strategic and focused in order to accomplish their intended goal and limit collateral damage. Not only are Trump’s on-again, off-again tariffs chaotic, they are overly broad, lack any real strategy or end game beyond wielding power just for the sake of it, and will hurt American manufacturing, not revitalize it.”